This corporate presentation provides an overview of IMPACT Silver Corp., a silver production company with operations based in Mexico. Key points: 1) IMPACT Silver operates three silver mines in Mexico and is developing two new mines, with plans to double silver production in three years. 2) The company has a strong cash position, zero debt, and generates 90% of revenues from unhedged silver sales. 3) Exploration is ongoing across the company's large land holdings, with potential to expand resources at existing mines and make new discoveries. Drilling continues to find high grade silver, gold and copper mineralization.

1. C O R P O R AT E P R E S E N T AT I O N │ J U N E 2 0 1 2
T S X – V : I P T │ F R AN K F U R T : I K L │ I S I N : C A4 5 2 5 7 A1 0 2 1

2. CAUTIONARY NOTE REGARDING
FORWARD-LOOKING STATEMENTS
Except for historical information, this presentation may contain certain “forward-looking” statements and information relating to
IMPACT that are based on the beliefs of IMPACT management, as well as assumptions made by and information currently available
to IMPACT management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including
but not limited to, without limitations, exploration and development risks, expenditure and financing requirements, title matters, operating
hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and
strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events.
Should any one or more risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual
results and forward-looking statements may vary materially from those described herein. IMPACT does not assume the obligation to
update any forward-looking statement.
The factors that could cause actual results to differ materially include, but are not limited to, the following: general economic
conditions; changes in financial markets; the impact of exchange rates; political conditions and developments in countries in which
the Company operates; changes in the supply, demand and pricing of the metal commodities which the Company mines or hopes
to find and successfully mine; changes in regulatory requirements impacting the Company’s operations; the ability to properly and
efficiently staff the Company’s operations; the sufficiency of current working capital and the estimated cost and availability of funding
for the continued exploration and development of the Company’s exploration properties.
This list is not exhaustive and these and other factors should be considered carefully, and readers should not place undue reliance
on the Company’s forward-looking statements. As a result of the foregoing and other factors, no assurance can be given as to any such
future results, levels of activity or achievements and neither the Company nor any other person assumes responsibility for the accuracy
and completeness of these forward-looking statements.
NI43-101 QUALIFIED PERSON
George Gorzynski, P.Eng., Vice President, Exploration and a Qualified Person under the meaning of
Canadian National Instrument 43-101, is responsible for the technical information in this presentation.
1

3. CORPORATE HIGHLIGHTS
• Silver production in Mexico
• Corporate focus is on profits
• Strong cash position & zero debt
• 90% of revenues from unhedged silver
• Friendly-to-investor, tightly managed share structure (73M Shares FD)
2

4. TECHNICAL HIGHLIGHTS
ROYAL MINES OF ZACUALPAN
• Three operating silver mines
in Mexico feeding a central .
processing plant
• Two new mines scheduled for
initial production in late 2012,
early 2013
• Plan to double silver
production in three years
• Large claim position covering
643 km2 (248 sq miles)
• Substantial exploration
potential for both silver and
gold
3

5. LOCATION
• Located a three-hour drive
from Mexico City with a
paved road right to the
front gate of the plant
• Excellent infrastructure
with modern electric
power grid, ample water
supplies and a skilled work
force (99% Mexican
including senior managers)
• Many other significant
mining operations in area
4

6. HISTORY
• The Royal Mines of Zacualpan
is one of the oldest mining
districts in the Americas with
485 years of recorded mining
history
• Over 2,700 old mine workings
have been catalogued and
form the basis for modern and
effective exploration
• IMPACT Silver bought the
Zacualpan assets in 2006
One of 30 historic processing plants found in the
and then consolidated district attesting to a long history of silver mining
ownership of the entire district
for the first time in its history
5

7. MINE PRODUCTION
ROYAL MINES OF ZACUALPAN
• Guadalupe Production
Center fed by three
producing mines – San
Ramon, Chivo,
Noche Buena
• In 2011 the three mines
averaged 421 tonnes
per day (“tpd”) at 5.7
oz/ton (195 g/t) silver
recovered
• In 2011 the cash cost per
ounce of silver was $9 net
of lead and zinc credits
• Second production center
under construction at This map is reproduced in miniature on following slides
Capire
6

8. MINERAL PROCESSING
TWO PRODUCTION CENTERS
OPERATING UNDER CONSTRUCTION
• Guadalupe Processing Plant, Zacualpan • Capire Pilot Plant, Mamatla
• 500-tpd crushing and flotation circuit • 200-tpd Pilot Plant being installed
with expansion plans for 2015
7

9. NEW MINE DEVELOPMENT #1
OSCAR MINE
• The high grade Oscar-
Santa Lucia Zones are
scheduled for production
in late 2012 to replace the
Chivo Mine where grades
are dropping with depth
OLD CUCHARA MINE
• Oscar is a silver vein
corridor on the
southern extension
of the past-producing
Cuchara Mine
NEW OSCAR MINE
• Pre-existing Cuchara Mine
SANTA LUCIA ZONE
mining infrastructure will
contribute to a low capital
costs and rapid mine
development at Oscar
8

10. NEW MINE DEVELOPMENT #1
OSCAR MINE
• Oscar and Santa Lucia host high grade veins as found in the following drill holes:
OSCAR CORRIDOR DRILLING HIGHLIGHTS SANTA LUCIA ZONE DRILLING HIGHLIGHTS
True True
Drill Silver Gold Lead Zinc Drill Silver Gold Lead Zinc
Width Width
Hole (g/t) (g/t) (%) (%) Hole (g/t) (g/t) (%) (%)
(m/ft) (m/ft)
31m / 1.4m /
Z11-44 291 0.01 0.1 0.4 Z09-35 600 0.10 - -
101.7ft 4.6ft
7.5m / 6.3m /
Including 780 0.02 0.4 1.1 Z09-47 278 0.01 0.2 0.7
24.6ft 20.7ft
5.8m / 3.2m /
Including 398 0.03 0.2 0.9 Including 467 0.01 0.2 1.1
19.0ft 10.5ft
5.7m / 1.0m /
Z11-46 1,007 0.07 0.5 1.1 Z09-50 602 0.02 0.1 0.1
18.7ft 3.3ft
2.8m / 2.4m /
Including 1,128 0.51 0.9 1.4 Z09-53 419 0.03 0.3 0.3
9.2ft 7.9ft
1.1 / 1.1m /
Including 4,580 0.26 1.7 4.0 Z09-55 372 0.01 0.1 0.2
3.6ft 3.6ft
6.6m / 2.1m /
Z11-64 223 0.08 0.2 0.5 Z09-58 274 0.10 0.4 1.2
21.7ft 6.9ft
1.0m / 1.1m /
Z11-74 1,875 0.74 2.7 6.9 Z10-03 588 0.05 0.4 2.0
3.3ft 3.6ft
23.4 / 1.7m /
Z12-08 115 0.02 0.1 0.4 Including 394 0.07 1.1 1.6
9 76.8ft 5.6ft

11. NEW MINE DEVELOPMENT #2
CAPIRE PRODUCTION CENTER
Defined NI 43-101
Plant Open for
Mineral Resources
expansion
Site
Open for expansion
Tailings Facility Capire Open for expansion
Open Pit
3D Model Processing Plant Site
Open-Pit Tailings
Facility
Capire Mine Site Capire Mine Open Pit Model
• The Capire Mine represents a new production center in a new
mining district
• Two-phase strategy to bring Capire to full-scale production in 2015:
o 2012/13: Construction of 200-tpd Pilot Plant and 5,000 m drill program
o 2013: Pilot Plant production (~200,000 oz silver) to optimize operating
parameters for expansion plans
o 2014: Construction of full scale plant (800-1,500 tpd) with goal to
produce 1M oz silver per year
10

12. CAPIRE PROJECT
NI 43-101 MINERAL RESOURCE ESTIMATE
Metal Content for Capire Project
Ag (oz) Au (oz) Cu (lbs) Pb (lbs) Zn (lbs)
Measured 3,529,969 14,146 3,389,275 18,234,678 46,140,820
Indicated 3,694,066 16,300 3,693,733 19,029,800 49,522,173
Measured & Indicated 7,224,035 30,446 7,083,007 37,264,478 95,662,993
Inferred 435,959 1,919 475,594 2,260,089 5,823,490
Summary Table Classified Mineral Resources – Measured + Indicated and Separate Inferred
Domain Classification Tonnes Ag (g/t) Au (g/t) Cu (%) Pb (%) Zn (%)
Capire Measured + Indicated 3,104,944 46.46 0.19 0.06 0.33 0.93
Aurora 1 Measured + Indicated 1,807,302 44.50 0.199 0.07 0.36 0.80
Total Measured + Indicated 4,912,246 45.74 0.193 0.06 0.34 0.88
Total Inferred 371,066 36.54 0.161 0.06 0.28 0.71
• Initial production planned on higher grade sections
• Drilling is continuing at Capire and other nearby zones to expand mineral resources
11

13. GEOLOGY
METAL DISTRIBUTION IN ORE ZONES
• Mineral zones in the Royal
Depth Length Mining Level
Mines of Zacualpan District 150-420m (500-1400ft)
tend to be silver-rich near 0m (0ft)
Oscar Mine
the top (commonly 1,000’s Silver-rich at top
of grams per tonne) with 200 – 1,000 g/t+ Ag
Noche Buena Mine
increasing lead and zinc,
and decreasing silver San Ramon Mine
toward the bottom 150m (500 ft)
• New discoveries indicate Lead & Zinc rich
that significant gold and at bottom Chivo Mine
copper may lie at depth 300m (1,000 ft) 60 – 150 g/t Ag
Carlos Pacheco
Typical
Gold (Copper) Gold-Copper Zone
Mining Width at depth
3m (10 ft) Host to high grade
Gold
11

14. VALLE DE ORO
GOLD POTENTIAL AT DEPTH
• First gold-copper zone found by company prospectors in a canyon
below known silver veins
• Initial drill results on two zones returned high gold values
(see tables below)
• These initial results indicate potential gold horizons lying at depths
of 300 m (1,000 ft) below the silver district
• Drilling will test gold targets at depth on other silver veins
CARLOS PACHECO DRILLING HIGHLIGHTS HUATECOSCO DRILLING HIGHLIGHTS
Drill True Width Gold Silver Lead Zinc
Drill True Width Gold Silver Copper
Hole (m/ft) (g/t /opt) (g/t) (%) (%)
Hole (m/ft) (g/t /opt) (g/t) (%)
4.1 m / 5.22 g/t /
2.1 m / 11.3 g/t / Z11-48 30 0.7 1.8
Z08-65 18 - 13.5 ft 0.15 opt
6.9 ft 0.33 opt
0.8 m / 25.00 g/t/
1.2m / 18.8 g/t / Including 50 0.5 1.6
Including 24 - 2.6 ft 0.73 opt
3.9 ft 0.55 opt
Z11-17 3.2 m / 3.44 g/t /
2.9 m / 19.6 g/t / 118 0.6 0.8
Z08-68 68 0.29 10.5 ft 0.10 opt
9.5 ft 0.57 opt
1.8m / 3.53 g/t /
Z11-19 321 0.4 0.6
1.0 m / 49.7 g/t / 5.9 ft 0.10 opt
Including 59 0.31
3.3 ft 1.45 opt 9.5 m / 3.97 g/t /
Z11-20 49 1.7 2.6
1.7 m / 31.1 g/t / 31.2 ft 0.12 opt
Including 69 0.31
13 5.6 ft 0.91 4.2 m / 6.96 g/t /
Including 84 2.9 5.1
13.9 ft 0.20 opt

15. RAPID EXPLORATION
TO MINE DEVELOPMENT
• A cornerstone of IMPACT Silver’s success is rapid mine development to generate
near-term cash flow
• Since 2006, IMPACT’s successful team has discovered and built three new mines
with two additional mines now under construction
EXPLORATION AND MINE DEVELOPMENT PROCESS FLOWCHART:
RESEARCH FIELD WORK DRILLING MINE
DEVELOPMENT MINE
Compile old Surface & Drilling in PRODUCTION
mines/ underground phases Mine Planning,
AND CASH
prospects from sampling, based on Permitting and
FLOW
historic maps mapping success Construction
• Capire (North)
More than • Capire • San Ramon
• Pilarica
2,700 old Select
• Condesa & • Noche
mines and areas and • Oscar
Cuchara North Buena
prospects prospects
catalogued for drilling • Carlos Pacheco • Santa Lucia • Chivo
to date • Huatecosco
First Drill Hole to Production: 12 – 24 Months
(Chivo, San Ramon Extensions, Noche Buena)
14

16. ROYAL MINES OF ZACULAPAN
TECHNICAL SUMMARY
Working toward becoming a Multimillion Ounce Silver Producer with Multiple Processing Centers
1. Guadalupe Production Centre
• Oscar Silver Mine scheduled for
production in late 2012
• Current ore feed from San Ramon,
Noche Buena and Chivo Mines 1
2. Capire Production Centre
• Initial production through 200-tpd
pilot plant, scheduled for late 2012,
early 2013
• Expansion to full scale plant planned
3. Valle de Oro Gold and Silver Area
• Area of many silver veins with gold 3
mineralization at depth
• Large drill program underway
• Potential site of a third processing
plant
2 4
4. Southeast Exploration Area
• Currently mapping numerous old
mine workings, early stage
exploration
20

17. ZACATECAS OPTION AGREEMENT
DEFIANCE SILVER CORP. (TSX.V:DEF)
• IMPACT Silver optioned its
Santa Gabriela Processing Plant
200-tpd Santa Gabriela
Processing Plant and ten
mineral concessions in
Zacatecas, Mexico to Defiance
Silver for cash and a 16.5%
share position
• Defiance Silver plans to marry
IMPACT’s processing plant with
their San Acacio Silver Mine
(18M oz silver defined) and
begin production in 2013
San Acacio Silver Mine
15

18. ROYAL MINES OF ZACUALPAN
SILVER PRODUCTION
%
Change
2011 2010 2009 2008 2007 2006
2006-
2011
Total tonnes processed (t) 154,289 131,348 114,340 102,426 99,918 68,173 +126%
Tonnes processed per day (t) 424 360 313 280 274 196 +116%
750,259
Silver (oz) Production 833,607 * 823,571 645,668 349,949 465,673 +79%
Lead (t) Production 731 734 969 813 601 375 +95%
Zinc (t) Production 1,248 1,212 1,098 1,053 976 725 +72%
Revenue per production tonne
sold $171 $123 $110 $90 - - +90%
Direct cost per tonne sold $70 $63 $60 $55 $44 $60 +17%
*Silver production was marginally down 9% in 2010 because the Company reduced the cut-off grade of the ore mined due to higher silver prices
• Organic growth with low-cost production
• 2011 direct cost per tonne sold averaged $70 per tonne or $9 per ounce
of silver net of lead and zinc credits
16

19. FINANCIAL RETURNS
% Change
2011 2010 2009 2008 2007 2006* 2006-2011
Revenue $24.3 $16.7 $12.2 $8.9 $7.3 $7.0 +247%
Net Earnings $7.6 $3.4 $1.6 $.66 $.29 $.51 +1,390%
Operating Cash
$10.2 $5.4 $3.7 $2.2 $1.9 $2.6 +292%
Flow*
Cash & Cash
$30.8 $18.7 $5.3 $5.4 $10.1 $4.0 +670%
Equivalents
EPS $0.12 $0.07 $0.02 $0.01 $0.01 $0.01 +1,100%
* Royal Mines of Zacualpan project purchased by IMPACT Silver in January 2006
Revenue
$30,000,000
$25,000,000
$20,000,000 Net Earnings
$15,000,000
$10,000,000
Operating Cash Flow
$5,000,000 before changes in
$-
non-cash operating
2006 2007 2008 2009 2010 2011 capital*
17

20. LONG-TERM VALUE PLAY
MARKET INFORMATION
Recent 52 Wk $1.25-
$1.30
Share Price Range $2.42
Basic – 68M
Shares Avg Vol
Fully Diluted – 120,000
Outstanding (3m)
73M
Market Cap 88M Warrants Nil
Largest Shareholders: Sprott Asset Management, 12%
and Energold Drilling Corp, 11%
Share Price Performance, 3 Years Source: Stockwatch, May 2012
CAPITAL EXPENDITURE USE EFFICIENCY ($CDN)*
Total funds raised since start Property payments, plant & equipment, Cash Position
of operations in January, 2006 and exploration expenditures (March 31, 2012)
$25 Million $38 Million $28 Million
18

21. FUTURE PLANS AND GOALS
2012
• 2012 will be a transition year building two new mines as a foundation
for the next phase of growth
• Continue aggressive exploration to accelerate organic growth at the
Royal Mines of Zacualpan
• With $20M+ of unallocated cash and production earnings, pursue
accretive merger and acquisition opportunities
2013-2015
• Double silver production with expansion of Capire Production Center
• Continue exploration and development of both silver zones and deep
gold horizons
19

22. WHY IMPACT SILVER?
• Strong cash position & zero debt
• Five years of increasing
revenues and earnings
• Expanding silver production
with two new mines
• Aggressive exploration for gold
as well as silver
• Tight share structure and small
market cap for a profitable
producer
19

23. Contact Us
Telephone: 1 604 681 0172
Email: inquiries@impactsilver.com
www.impactsilver.com